Richmond Palladium (Daily), Volume 34, Number 176, 3 May 1909 — Page 8
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THE niCIlUOND PAlOiAmUiti ASiJ SUATELliGjRAJl, MO.VDAV. iiAk i,
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Tuesday Over 500 Dozen Ladles9 linen and Dainty Swiss Handkerchiefs at Less Than Halt Price 100 DOZEN all linen, hand embroidered initial, hemstitched, a bargain at 10cf Tuesday. -. 5c each; 6 for.25o 200 DOZEN Pretty Sheer Barred Handkerchiefs, hemstitched, a good 10c number, Tuesday ..5c each; 6 for 25c (Selling 200 doz. in two days is our clip with these.) 100 DOZEN Fine Swiss, Pretty Embroidered Edges, a dime value, Tuesday . . ... - - 5c each; 6 for 25c 50 DOZEN Fine Emb'd Barred Handkerchiefs, hemstitched; you buy no better at 15c, anywhere. Tuesday they go at: 10c; 3 for 25c 75 DOZEN Fine Swiss Emb'd Edges and Hemstitched Emb. Handkerchiefs, worth 15c and 19c; Tuesday they go at .- ...10c; 3 for 25c HOW CAN WE DO IT? Bought them at a Bargain; selling them the same way. If you need Handkerchiefs, 'twill Day to get in on this Handkerchief deal before they are all sold.
not
Remember They Begin Selling Tomorrow.
THERE'LL BE NO LIMIT. Buy all you want. How long they'll last we can tell, but judging from our past Handkerchief sales, they wont last long. LEE EL MUSMJM
ECONOMY POLICY OF TAFT GIVE!!' VERY HARD TEST
Fiscal Year's Estimates Point To Another $1,000,000,000 Budget Despite President's Protest. ARMY AND NAVY HAS TO GET LARGE SHARE Chief Executive Plans Far Ahead in Order to Cut Down The Expenses of the Federal Government. Washington, D. C, May 3. In spite of the economy instructions issued by President Taft, his subordinates estimate that more than $1,000,000,000 will be required to defray the expenses of the country during the fiscal year beginning July 1, 1910, and ending June 30, 1911. Each member of the cabinet has received from the chiefs of bureaus of his department a statement of appropriations which, in their judgment, should be made at the next session of congress to insure an efficient operation of the government. Inquiry establishes but few reductions from the past estimates and many increases. The heads of the departments now will scrutinise the figures placed before them, and cut them down wherever possible." When President Taft receives the compiled state
ment during the present week, it is hoped he will find a total of less than $1,000,000,000. It certainly will not be more than the appropriations for the fiscal year ending July 1 next, which amounted to $1,044,014,298. This is in accordance with the positive instructions of the president. The budpet committee off the cabinet, of wblca tbe president Is chairman, will careful
ly consider the estimates between now and next Decemberwhen they will ba
submitted to congress.
Taft Has Two Purpose.
Never before in the history of the
country have the estimates for the fl
statement he has made since he as
sumed the presidency be has made it
clear that he believes in an efficient
and adequate army and navy. At the same time be wants an economical administration, and in hia consideration of the estimates he will guide
one purpose by the other.
$52&,74000 for War Purposes. None of the officials here have lost sight of the fact that ' the United States will spend during the next fiscal year $325,742,000 on account of the past wars or in preparation for future wars, this being just about SO per cent of the total expenditures that will be made. Of this enormous sum $160,000,000 will he disbursed to pay pensions, $136,935,000 for the operation of the navy, and $112,000,000 for expenses of the army, military academy, and the construction of fortifications. The pension bill cannot be materially reduced. Nor is it believed there can be any cut in the naval expendi
tures, unless the increase of the navy should be stopped. If Mr. Taft carries
out his present intension he will favor
me addition or a couple of battleships
of the Dreadnought class to the sea service. The fact that the foreign commerce
of the country has fallen off during
the present fiscal year should not be taken, it Is claimed, as an indication of the financial condition of the countrySince last summer the dealers in
foreign goods have been anticipating a reduction in tariff. Consequently
they have been content to drift along, making as few purchases as possible.
50 STAMPS with
lb- Tea at 70c a lb.
45 STAMPS with
lb. Tea at 60c a lb.
40 STAMPS with
lb. Tea at 50c a lb.
0 STAMPS with , one 1S Ox. Can of A. I P. Baking Powder at 50c a can.
IS STAMPS wtth ss lb. Coffee at t3 IV 20 STAMPS wtth esw lb. Coffee a Me lav 25 STAMPS we lb. Cefree tf &c lb.
20 STAMPS with one 2 ex. bottle of A. el P. Extracts at-. 23c 10 STAMPS with one box Seeded Raisins at ............. .......10o 10 STAMPS with one box Currants at ......10 10 STAMPS with one box Toilet Soap at 10s 10 STAMPS with two boxes A. & P. Gelatins at 5c sack 10 STAMPS with two cans A. V P. Condensed Milk at ......e each
I o 1
Tiie Great AfZnnt?? l Pacific Tea Co.
727 K2s!aSt
DEAF TO APOLOGIES . Man Accidentally Shot Refused at First to Hear Ex-planations.
"HELP, MURDER" YELLED
EOHTTBE DECEIVED By the loud noises you hear these days, but investigate carefully before you v decide where to get your loan, and we are confident we will get our share of business. We loan on Furniture, Pianos, Horses, Fixtures or other personal property. $1.20 is the weekly payment on a $50 loan for fifty weeks. All amounts In proportion. We make loans in city and all surrounding towns and country. - If you need money and cannot call at our office, fill oat . and mail to us the following blank and we will send a representative to you. Name
Address ........ Amount Wanted Kind of Security
Reliable. Private
Lccn Co.,
Dbm 7-8. CcSasUal CMa.
l IMS. Dlchroond.
Satawstey Evcarfaos
kit
PI
u tru
AND flOULDINQS
MOORMAN'S Book Store
Trading Stamps. S20 Main St,
Relieves sour stomach,
QPEII A RESERVATION Land Occupied by Flathead
Tribe Will Soon Be Thrown Open.
LOTTERY PLAN ADOPTED
Spokane, Wash., May 1. Flathead
Indian reservation in north central Montana, comprising 1,425,000 acres,
about 200 miles east of Spokane, will
be thrown open to settlement some time in July. Private advices from
Washington, D. C, are that President
Taft will sign the proclamation early in May, 00 days after which the lands
will be open to homesteaders. It is
believed the lottery plan will be fol
lowed. Under this method SO days'
time is given to prospective settlers to register with the land department.
which will be at Kalispell this year. The reserve contains within Its boun
daries, the south ' half of the Flathead
lake, the largest body of fresh water
west of Lake Michigan. The eleva
tion, is 2,900 feet. The land, except
220,000 acres allotted to Indians, Is in five classes and is appraised at from $1.25 to $5 an acre, while the actual
value of a homestead of 160 acres is from $5,000 to $16,000, according to soil and location. The government has laid out seven town sites, where lots will be sold at auction for cash.
Ill MILLIONS LOST BY BANKS HOW ESTIMATED
It Was Reported Today That
v Forty Institutions Are Vic
tims of the John Walsh
Failure.
Two performances at The New Phillips vaudeville house, Monday night, 7:15 and 8:45. Election returns will be received and read. 131
CHEAT.! SEPARATORS , SEAMEY & IBKdDWlt Plcnc 171G 015 r.la!n St
Albert O. Martin, Dentist.
Colonial DaSns, Rooms 18 and 19.
PHONE I7
puSH YffiU CJLEAW HOUSE necMsntsr Xshjlaa Bros. Rag Co. of Indianapolis. Ind makes beautiful M7MH Rues" oat of your old carpets with - less cost and far superior taa any .otter Roar Co. Hepresentattvea In Rfchomnd until the middle tt 12ay and wia be unable to call on our customers. If yoe have no telecom leave woM or drop a post card. Central Hotel. 823-823 Main St or telephone 2396. i.-::Jj"An CS03. flUQ CO, iNDAHAPCU3, iNO.
SOME OF THE OPINION
ITEMS WILL PAY OUT
Banks Assumed Responsibili ty for the Payment of $28,
000,000 to Their Various
Depositors.
Chicago, May 3. Several Chicago
bankers are reported today as estimat
ing that $9,000,000 has been lost by
the forty banks, which following the
failure of John R. Walsh's banking and trust interests, took their assets and guaranteed the payment of the
depositors. The bsnks assumed re
sponsibility for the payment of $20,-
000,000 to the depositors when the Chi
cago National Bank and the other Walsh institutions closed in 1905. An
optimistic estimate at that time indl
cated that securities placed in the
hands of the guaranteeing - banks.
would amount to $2S.O00,00O, but this hope has not been borne out, at least
not up to date. Banks Take Action.
On January 5, last, the clearing
house recommended that all banks par
ticipating in the Walsh pool should
charge off 25 per cent on their books,
Most of the banks have done so. Sev
eral have gone further and charged off
as much as 50 per cent. Those which
have not charged off anything in ac
cordance with the clearinghouse rec
ommendations are-feeling pressure to compel them to do so' There are a few bankers who profess to believe the Walsh items eventually will pay out in full but one of those who has charged off fifty per cent, is declared as being uncertain what he would do were hia bank to be offered 65 per cent, for all Its holdings in the Walsh pool.
New York, May 3. Dennis J. Gallagher, who is a special policeman employed by Waddell & Mohon, No. 1,133 Broadway, and who lives at No. 309 West 147th street, reasoned it out last night that he had no further need for a revolver in his business.
since burglaries luul been few and far between in tbe neighborhood of late.
and thieves were of the most harmless description. So Gallagher went to the pawnshop of Louis Bernstein,
No. 2,688 Eighth avenue, to pawn his
weapon.
"How much can I get on my gun?"
cal year been submitted to the presi-, fsked the proprietor.
dent so far in advance - of the time
when action upon them is to be taken.
Mr. Taft was moved to this course by
two considerations, the first was the financial condition of the union and the second was the provision in the
sundry civil law adopted at the last
session at the instance of Representa
tive Smith of Iowa, placing revenues or recommending, loans or new taxes to cover any deficiency. .
Secretary of the Treasury Mac-
Veagh believes the country is slowly, but surely returning to prosperity. He
is confident that, as soon as the tariff
is revised, business will pick up by
leaps and bounds. But in preparation of the estimates, the president does not
nropose to be guided by hope. He is
looking squarely into the face oi tne fact that the federal government will
have to meet on July 1 a deficiency of
more than $100,000,000. At the close
of business on Friday, the deficiency
amounted to $92,403,000, with two months still to pass before the close of
the fiscal year.
President Taft does not want ( his administration to be charged with the responsibility of a huge bond issue. Hence the positive character of his
instructions to the heads of the executive departments to diminish their expenditures as much as possible and
to cut the estimates to the bone. Many Cuts Are Impossible.
It will be Impossible, of course, to make any reductions In what are
termed "permanent appropriations,'
that Is to say, the continuous charges
upon the government, such as the interest on the , public debt, sinking fund, etc. These will amount to $160,000,000, perhaps a little more. Nor does the president want to make
anv reductions in tbe estimates for
the continuance of the work on the Panama canal, which he desires to be far advanced, If not completed, by the end of his administration; or in those for the operation of the agricultural department and the other branches of the government which touch intimately the life of the people. " The estimates that will receive the closest scrutiny and will be reduced are for the operation and increase of the army and navy. Representative Tawney, chairman of the house committee on appropriations, in his speech reviewing the appropriations amde during the last session, declared the great Increase authorized was due to the. "abnormal growth of our military and naval establishments." Mr. Taft knows better than any . one else whether this charge is correct, for as secretary of
war he submitted to congress through
the president an annual estimate of
the amount required to defray the expenses of the army; and he found It
necessary, to meet the growing needs
of the military, service, to recommend
numerous and heavy appropriations.
In his inaugural . . address and in
How much do you want?" asked
Bernstein. .
un, omy a coupie or dollars," re
plied Gallagher, as he reached into his hip pocket and drew forth the weap
on. "It s a good gun, all right," was
his comment, as he pulled theA trigger.
With a report the bullet landed in
Bernstein's left foot. The pawnbroker yelled with pain, notwithstanding the apologies..
"Oh, excuse me. said Gallagher. "Help! murder!" shrieked Bern
stein.
-I didn't mean to do it." protested
Gallagher, whereat Bernstein redou
bled his cries.
Policeman Magee ran into the shop
and wanted to arrest somebody. Bernstein relented however, and ' refused to make a charge against his customer. Neither would he go to a hospital and his wound was attended to by his own surgeon.
PAINTERS ON STRIKE. Poughkeepsie. N. Y., May 3. Union
painters, tinsmiths and plumbers of
this city, two hundred and fifty in all,
went on a strike today. The unions
want the builders to TetosB to fcak
contracts on bulldinss wkera work nas
been done by non-union workmen. Tbe
employers refused. .
CHURCH CONSECRATED.
Irvington, N. Y., May 3. The church
of the Immaculate conception and New Altar, were consecrated yesterday by
Archbishop Farley, who was rafted
by Vicar-General Lavalle, wC " ing the macs, and Mgr. Mooncy, ILJ delivered the sermon. There wc fifty visiting priests in town.
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Oreer OeM Medal Hear seat
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Statement of Condition at clcce ol April 2011 lCqO ; As per call cl C:c Ccn2plrc-37.
Cottage prayer meeting will be held Tuesday evening at the home of A. J. Black, 323 Lincoln street.
FAST K0T0R BOAT. New York, May 3. The Brer Fox II
owned by Morris P. Breen of Cincin
nati, has arrived from Cincinnati after having broken all motor-boat records on the Mississippi river. It covered
the 1,554 miles in 54 hours, 21 min
Reconrcea Mortgage Loans .$554,978.17 Collateral Loans . . . . . . .... 4G9.525.7Q Stocks and Bonds ......... 330.00&53 Company's Building Cash and due from banks. . . Capital Stock ............ $200,000.00 Surplus Fund 100.000.00 Undivided Profits .......... 20.975.47 Premium Reserve ......... Deposits ................
51,410,403.37 o,ccaoo 323,712.17 51,742,175.54
320,975.47 37.50 1,413,1 C2. 57 $1,742,175.54
May let, 100G Mcy 1ct, 1007 lYloy 1st. 1000 April 20th, ; 1009
- - CO7O.7C0.17 01,127fsX0.C3 - 01 ,203,720.02 Q11911911G2.S7
KUs sfrono company l!pyC:20 yczT tzrCzaco
In ail c2 ito vcirlGco 12:
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